First year MBA students of the Dept. of Management & Commerce learnt the ins and outs of the Competition Act (legislated in 2002 to prevent activities that have an adverse effect on competition in India) by a series of guest lectures, delivered by Mrs. R Kiran Nath, a retired legal expert, whose career spans four decades.
The Competition Act
She outlined how it replaced the archaic Monopolies and Restrictive Trade Practices Act of 1969, and what changes it brought about – from healthy competition in the market to restrictive trading practices, different types of agreements, the concept of cartels, etc. She elucidated all these topics with relevant practical examples and case studies they promote. She also lectured on the Competition Commission of India (CCI), its various objectives and notable examples and case studies. In all, students gained a thorough insight on the subject.